Round trip
Big tech made a big round trip on Monday. The Nasdaq 100 fund, QQQ, gapped up more than 0.75%, fell enough to show more than a 0.75% loss at the low, then rallied to once again show a gain of more than 0.75% by the close and a 52-week high. It has done that only twice before, on March 24, 2000 and September 2, 2020. Round-trips of 0.5% or more are shown below, still rare.

That's a tiny sample size, so if we relax it to 0.25% round-trips, it still had a mostly negative bias, especially over the next 2-4 weeks.

